# EPA policy may reduce soybean oil demand - McKeany-Flavell

> An analysis notes that EPA's proposed renewable volume obligation for biomass-based diesel is lower than the soybean sector expected, given existing biodiesel plants and planned renewable diesel capacity. It also notes that California's Low Carbon Fuel Standard keeps renewable diesel demand rising.

- Date: 2023-03-10 · published 2023-03-10T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15322-epa-policy-may-reduce-soybean-oil-demand-mckeany-flavell
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A volume target below industry expectations limits the outlet for soybean oil into biofuels, which pressures soybean oil prices even as renewable diesel demand grows.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-03-25 | [EPA RFS waivers may wither US soybean demand \| Latest Market News](https://feedsoft.ai/events/15230-epa-rfs-waivers-may-wither-us-soybean-demand-latest-market-news.md) | +0.6% | -4.4% |
| SBO | 2024-08-01 | [Will US court ruling affect demand for soybean oil and meal?](https://feedsoft.ai/events/12100-will-us-court-ruling-affect-demand-for-soybean-oil-and-meal.md) | -1.0% | -2.2% |
| SBO | 2023-11-27 | [Soybean oil prices fall 4% amid possible reduction in demand from the biodiesel industry](https://feedsoft.ai/events/33251-soybean-oil-prices-fall-4-amid-possible-reduction-in-demand-from-the-biodiesel.md) | -0.2% | -4.1% |
| SBO | 2023-06-21 | [EPA Biodiesel Blending Mandate Causes Soybean Oil Futures Price Drop](https://feedsoft.ai/events/15303-epa-biodiesel-blending-mandate-causes-soybean-oil-futures-price-drop.md) | -0.5% | +5.8% |
| SBO | 2024-12-04 | [RBD soybean oil basis falls as refiners adjust to falling demand - The Jacobsen](https://feedsoft.ai/events/27053-rbd-soybean-oil-basis-falls-as-refiners-adjust-to-falling-demand-the-jacobsen.md) | +2.9% | -0.0% |

## Sources

- mckeany-flavell.com: https://www.mckeany-flavell.com/epa-policy-may-reduce-soybean-oil-demand-03-10-23/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.